2024 Bond
Richland School District voters will be asked to consider approving a school construction bond on November 5, 2024.
What's Included in the Bond Package?
- New Comprehensive High School
- New Innovative Secondary School (REHS/PCOA)
- Hanford High Athletic Stadium & Scene Shop
- Richland High Multi-Purpose Room
- Transportation Cooperative
- 2023 Capital Projects Levy Debt Cancellation
- Various Capital Projects & Land
New Comprehensive High School
New Innovative Secondary School (REHS/PCOA)
Hanford High Athletic Stadium & Scene Shop
Richland High Multi-Purpose Room
Transportation Cooperative
2023 Capital Projects Levy Debt Cancellation
Various Capital Projects & Land
Financial Impact of the Bond
The total proposed bond request is $314 million. The 2024 bond will also leverage an estimated $43 million in state match (assistance revenues).
The estimated school tax rate for 2024 is projected to be $0.97 per $1,000 in assessed home values. The growth in Richland and West Richland has increased the number of residential taxpayers, spreading the tax burden more widely. Additionally, more retail and commercial properties within our school district have further reduced the tax burden on residents. Get an estimate for what your annual taxes will look like at www.rsd.edu/calculator.
What is State Contribution, Assistance Revenues or Match?
Many school districts can qualify for additional financial assistance from the state of Washington to help build or modernize facilities (capital construction). The state determines the amount of square footage that each student needs (the amounts are different for elementary, middle, and high schools) and assigns a dollar amount per square foot based on current average construction cost estimates. Both new construction and remodeling projects are eligible for state assistance. While these matching funds are helpful for bond projects, only a limited percentage of actual costs are typically covered using this formula, leaving the rest of the cost to the school district and the local community (via a voter-approved bond or levy).
Understanding Taxes and Tax Rates
If property values increase equally (example shown is 20%), the same tax amount would be due assuming the same levy amount.
If property values increase equally (example shown is 20%) and a new house is built, the new house may reduce other tax bills.
Frequently Asked Questions
- What's the difference between a levy and a bond?
- Why aren't older schools like Chief Joseph included on the bond?
- What planning has been done for the bond?
- Didn't the state raise property taxes several years ago to pay more for schools?
- Didn't schools already receive money from the state because of the "McCleary" decision?
- Is there a tax break for seniors citizens, disabled people or low-income homeowners?